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Eveready Industries surges on plans to be debt free in next 2-3 years

Eveready Industries India Ltd. | Batteries | Automobiles | BSE: 531508 | NSE: EVEREADY

26 Sep 2011 Evaluate

Eveready Industries is currently trading at Rs. 37.85, up by 0.40 points or 1.07% from its previous closing of Rs. 37.45 on the BSE.

The scrip opened at Rs. 39.00 and has touched a high and low of Rs. 40.60 and Rs. 37.80 respectively. So far 165978 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 72.90 on 07-Oct-2010 and a 52 week low of Rs. 36.15 on 22-Jun-2011.

Last one week high and low of the scrip stood at Rs. 40.80 and Rs. 37.10 respectively. The current market cap of the company is Rs. 272.21 crore.

The promoters holding in the company stood at 40.84% while Institutions and Non-Institutions held 28.88% and 30.28% respectively.

Eveready Industries, in the next 2-3 years, is planning to become a debt free company. It is planning to sell some off land parcels to clear the debt. But since the land prices are on the softer side the company has put the plans on hold. Currently, the company has debt of little more than Rs 200 crore.

Eveready Industries has restructured its French subsidiary - Uniross, which is the part of cost cutting initiatives of the company. The company expects Uniross to break-even this year but with the crisis in Europe it is not too sure.

Eveready has an 80 percent controlling stake in Novenor SAS, France, which in turn controls Uniross SA, a French company which along with its subsidiaries is engaged in the manufacturing and marketing rechargeable batteries and allied products, having a presence in several parts of the world. The subsidiary was facing serious problem when it was acquired a couple of years back with a view to beefing up presence in the export markets.

Eveready Industries India engages in the manufacture and sale of dry cell batteries and flashlights in India and internationally. The company offers carbon zinc batteries, rechargeable batteries, alkaline batteries, and dry cell batteries under the Eveready, Powercell, and Shakti names.

Eveready Inds. India Share Price

303.00 0.55 (0.18%)

20-Apr-2026 15:31 View Price Chart

Peers

Company Name	CMP
Exide Inds	329.15
Amara Raja Energy	765.00
HBL Engineering	774.30
Eveready Inds. India	303.00
Indo-National	326.55
View more..

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Eveready Industries surges on plans to be debt free in next 2-3 years

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